Around the Net
Viacom: Overall Earnings Up, Ad Revenue Down
- Smart Money, Thursday, January 31, 2013 3:11 PM
Viacom's first-quarter earnings "more than doubled" overall, compared to the "year-earlier period that was bogged down by charges associated with a huge legal settlement," writes Saabira Chaudhuri. But there was a sharp 6% decline in "domestic and worldwide advertising revenue," with the domestic decrease "driven by lower ratings" at "big Viacom networks like MTV and Nickelodeon."
